Form 4: Brookdale Senior Living CEO Lucinda Baier Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Lucinda Baier, President and CEO of Brookdale Senior Living, reports share withholding to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 27, 2024, Lucinda M. Baier, President and CEO of Brookdale Senior Living Inc., had shares withheld to satisfy tax obligations.
- The transaction involved the withholding of 215,964 shares of common stock at a price of $5.91.
- Following the transaction, Baier directly owns 2,919,476 shares of Brookdale Senior Living Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations and does not indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company executives to have shares withheld to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine share withholding for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of share withholding transaction. |
| 02/29/2024 | Date of signature for the report. |
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